The global wine market is projected to grow at a CAGR of 1.98% during the forecast period. Wine, made from fermented grapes, is a rich source of antioxidants and promotes longevity. It helps in combating inflammation, reducing heart diseases, and promoting healthy gut bacteria. The demand for the global wine market is driven by the increasing demand for wine due to increased consumption of its health benefits and innovation in flavor and advanced distribution channels.
It is also supported by the increasing disposable income of the people. However, various stringent government regulations on wine products worldwide will be a restraint in the market growth. The Asia Pacific is the fastest-growing region in the market due to the increasing disposable income, increasing awareness about the benefits of wine, and the rising trend or shift towards westernization.
The “Global Wine Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunities in regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, distribution channel, and geography.
The global wine market has been segmented based on type, distribution channel, and geography. Based on type, the market is segmented as red, white, and others. By distribution channel, the market is segmented as offline and online.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with a thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries presents for the producers.
Major players in the global wine market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the global wine market.
| Report Metric | Details |
| Growth Rate | CAGR of 1.98% during the forecast period |
| Base year | 2019 |
| Forecast period | 2019–2024 |
| Forecast Unit (Value) | USD Billion |
| Segments covered | Type, Distribution Channel, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | E. & J. Gallo Winery, Treasury Wine Estates Limited, Accolade Wines, The Wine Group, Constellation Brands, Maison Castel, Casella Family Brands, Concha y Toro, Penfolds, Davide Campari-Milano S.p.A. |
| Customization scope | Free report customization with purchase |
Segmentation:
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the wine market?
A1. The global wine market is projected to grow at a CAGR of 1.98% during the forecast period.
Q2. Who are the major players in the wine market?
A2. Prominent key market players in the global wine market include E. & J. Gallo Winery, Treasury Wine Estates Limited, Accolade Wines, The Wine Group, Constellation Brands, among others.
Q3. How is the global wine market segmented?
A3. The wine market has been segmented based on type, distribution channel, and geography.
Q4. What factors are anticipated to drive the wine market growth?
A4. The demand for the global wine market is driven by the increasing demand for wine due to increased consumption of its health benefits and innovation in flavor and advanced distribution channels.
Q5. Which region holds the largest market share in the global wine market?
A5. The Asia Pacific is expected to hold a significant share in the global wine market due to the increasing disposable income, increasing awareness about the benefits of wine, and the rising trend or shift towards westernization.
E. & J. Gallo Winery
Treasury Wine Estates Limited
The Wine Group
Constellation Brands
Maison Castel
Casella Family Brands
Concha y Toro
Penfolds
Davide Campari-Milano S.p.A.
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